Merus Capital secures $50m for two funds

Merus Capital Opportunity Fund will be used to invest in ad tech company AdRoll, which raised a $70m round earlier this week.

The firm invested $10m as part of that round, which took AdRoll’s fundraising total to $89m, according to the Wall Street Journal.

Merus managing partner Sean Dempsey said the firm raised a special fund to invest in the company “because it’s not the right thing to do to place that kind of investment if the size of your fund is $40m,” according to the report.

He added that Merus will raise more such funds if its other portfolio companies get to that size.

Hareen Equity Partners has made the fourth investment from its third fund by backing the recapitalisation of MedPro Healthcare Staffing.

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